Nasdaq OMX has intensified its opposition to the planned tie-up of NYSE Euronext and Deutsche Boerse , saying the deal would irrevocably destroy competition in Europe's listed-derivatives market, the Wall Street Journal said.
SAP AG agreed to plead guilty to unspecified charges in a criminal case involving unauthorized access to computers maintained by software rival Oracle Corp, according to a court filing.
In yet another lawsuit against AT&T and T-Mobile, Sprint filed Tuesday its own in an attempt to block AT&T from acquiring T-Mobile.
Sprint Nextel filed its own lawsuit on Tuesday in an effort to derail a $39 billion deal that could have ATT&T take over T-Mobile. Sprint believes the merger could harm consumers and stifle competition.
EchoStar and Hughes had originally entered into a $26-billion merger agreement in October 2001.
AT&T is going to make concessions to get the T-Mobile deal approved according to a report from Reuters.
Vonya B. McCann,senior vice president of Government Affairs for Sprint, has issued a statement noting that by filing the lawsuit to block AT&T's proposed $39 billion takeover of T-Mobile, the Justice Department has put consumers' interests first.
Although the nation's unemployment rate currently stands at 9.1 percent, the U.S. refused to be swayed by AT&T's offer of job creation, and has moved to block the merger between the telecom giants.
Sprint is a fan of the DOJ's move to file a lawsuit against the AT&T-T-Mobile merger.
The U.S. Department of Justice (DoJ) has filed a complaint Wednesday opposing AT&T's $39 billion merger with T-Mobile, citing antitrust concerns and saying that the deal would substantially lessen the competition.
A general counsel at AT&T said the company will fight an antitrust lawsuit suit the Department of Justice filed on Wednesday. Wayne Watts, who serves as both senior executive vice president and general counsel for AT&T, said the lawsuit from the Justice Department has surprised and disappointed him, especially in light of the fact that the government agency gave no indication that it was planning to take such actions.
The CWA cited that the proposed merger could create up to 96,000 “quality” jobs and that blocking the deal would be the wrong policy given the backdrop of a weakening U.S. economy and high joblessness.
The Justice Department said its move is to ensure that competition remains and that everyone to include consumers, businesses and the government continues to get high quality, competitively priced mobile wireless products and services.
The government has decided to block the AT&T-T-Mobile merger, citing antitrust issues.
The Dow Jones Industrial Average Re-enters positive territory, although the Department of Justice's suit against AT&T could derail those gains.
Kenneth Melson, acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), lost his job amid a Congressional probe over a troubled gun-trafficking operation.
The Obama Administration on Tuesday replaced two senior officials who helped to oversee a troubled federal operation that targeted gun trafficking.
The White House replaced the head of the Bureau of Alcohol, Tobacco, Firearms and Explosives and the U.S. Attorney for Arizona on Tuesday in the latest casualties over a botched gun-running investigation known as Operation Fast and Furious.
Arizona filed a lawsuit on Thursday challenging a U.S. federal voting rights law governing how the state conducts its elections.
Google Inc. has agreed to forfeit $500 million to settle claims that it allowed online Canadian pharmacies to place advertisements targeting consumers in the United States, U.S. Justice Department announced Wednesday.
Google has paid the DOJ $500 million for allowing Canadian pharmacies to place advertisements on its Adwords program, thus helping them get revenue from the illegal transfer of drugs to the U.S.
Sprint Nextel Corp. will begin selling the iPhone 5 in mid-October, sources told the Wall Street Journal.
